What is Jackpot?
Jackpot Basement Bar is a casual neighborhood establishment situated in Chinatown, Washington, D.C. It offers a diverse selection of beverages, including beer, whiskeys, and expertly crafted cocktails, all within a relaxed and inviting atmosphere. The bar is distinguished by its unique decor, adorned with an array of kitschy knickknacks, and features a daily happy hour promotion from 4 PM to 8 PM. Catering exclusively to an adult clientele (21+), Jackpot operates late into the night, particularly on weekends. Beyond its regular bar services, the venue also provides event planning assistance for individuals seeking to host gatherings in its distinctive, laid-back setting.
How much funding has Jackpot raised?
Jackpot has raised a total of $96K across 1 funding round:
Debt
$96K
Debt (2021): $96K with participation from PPP
Key Investors in Jackpot
PPP
Public-Private Partnership
What's next for Jackpot?
With the recent substantial expansion capital, Jackpot is poised for significant growth. The company's total funding context suggests it is operating at a significant Series B/C stage, indicating a focus on scaling operations, potentially expanding its footprint, enhancing its service offerings, or investing in marketing to reach a broader audience. This strategic investment will likely fuel initiatives aimed at solidifying its market position and driving revenue growth.
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